Price action continues to be trading with a rising channel spotted in D1. Then, in H4, an expected pullback to the trendline in confluence with Fibonacci level 61.8 for a long entry will be placed. The diminished bullish momentum in MACD could support this pullback.
A buy-limit entry for a bounce strategy from the trendline+Fib level, give enough room for the following setup:
S/L: 47 pips - R:R | 1:4 - T/P aiming to the next resistance level.
A buy-limit entry for a bounce strategy from the trendline+Fib level, give enough room for the following setup:
S/L: 47 pips - R:R | 1:4 - T/P aiming to the next resistance level.
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
www.instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
www.facebook.com/ogfxtrader
INSTAGRAM:
www.instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
www.facebook.com/ogfxtrader